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how specifically will you bring down the deficit? there's certainly a lot of room to put some and a lot of imptous for them to put some meat on the bones. >> okay. as we look for the meat, let's talk about something we've talked about that before that being swing states. romney has really whittled the president's lead to two percentage points. these are virginia numbers now. this is a poll released by "the wall street journal" nbc news, so a two-point lead for obama down from five points last month. let me show you one more graphic. you're going to see florida numbers. similar story there. now a one-point lead for obama. down from four points in september. could, candy, could this debate tonight really, you know, represent romney's best chance to catch fire? >> certainly. and i don't think it's his best chance. i think it's the beginning of his best chance, if that makes sense. i don't think we've seen -- we have seen times when debates have changed things. but there still is a lot of time and two more debates for these guys plus a v
how specifically will you bring down the deficit? there's certainly a lot of room to put some and a lot of imptous for them to put some meat on the bones. >> okay. as we look for the meat, let's talk about something we've talked about that before that being swing states. romney has really whittled the president's lead to two percentage points. these are virginia numbers now. this is a poll released by "the wall street journal" nbc news, so a two-point lead for obama down from...
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get rid of more regulations on wall street, that jobs and prosperity will rain down on everybody, the deficit will magically disappear, we'll live happily ever after. but there's a problem with this. we just tried this. we tried it in the last decade before i was elected president. it didn't work then and it won't work now because top down economics doesn't work. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. this country doesn't succeed when only the rich get richer. we succeed when the middle class gets bigger. when there are ladders of opportunity for all who strive to get into the middle class, when everybody willing to work hard has a chance to get ahead and live up to their god-given potential. i don't think we can get very far with leaders who write off half the nation as a bunch of victims who never take responsibility for their own lives. i travel around a lot in virginia and across this country. i don't meet a lot of victims. i see hard working virginians, students trying to work their way through college. i see single m
get rid of more regulations on wall street, that jobs and prosperity will rain down on everybody, the deficit will magically disappear, we'll live happily ever after. but there's a problem with this. we just tried this. we tried it in the last decade before i was elected president. it didn't work then and it won't work now because top down economics doesn't work. we don't need to double down on the same trickle-down policies that got us into this mess in the first place. this country doesn't...
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also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts by limiting deductions for taxpayers especially the wealthy. so this isn't really a major break from what he said before. he's just kind of shifting the emphasis, playing up a different part of his plan. >> so deductions. what deductions would mr. romney limit? >> now, that is the $5 trillion question. we tonigdon't know. he has hinted he may scale back the mortgage deduction for wealthy homeowners. think about how many tax deductions are out there. charitable giving, he state and local taxes. it won't be politically easy to scrap any of them because they're popular. so that's why budget cruncher
also president obama has been hammering away at romney's tax plan arguing it will add to the deficit. romney has called for cutting all tax rates by 20%. he also wants to eliminate taxes on capital gains and dividends for families who make less than $200,000. there was an independent analysis done by the nonpartisan tax policy center and it did find that romney's plan would drop tax revenues by $5 trillion. but romney has promised he won't add to the deficit because he'll pay for any tax cuts...
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just last hour the european team rallied from a major deficit to retain golf's prestigious ryder cup. cnn is live in medinah, illinois. shane, the u.s. team had a big lead going into the final day. what was the turning point for the europeans? >> reporter: i think that, deb, to be honest with you they were instilled with a faith, a belief, and the happy by their captain. he was a long time partner of seve. he was impressed on them his never say die attitude. he truly was a tat lis mattic figure in so many ryder cups. the americans led 10-6 and the europeans had never staged a comeback like this before in the history of the competition. there was a belief they could do it and they went out and won the first five matches. that whole belief filtered through to the rest of the team. it was a stunning success. the winning putt effectively coming on the 18th green by martin kaymer. he holed out for this crucial pair against stref stricker. it meant the europeans retained the cup. they had won 8 points out of 12 on the final day. in the final match tiger woods was up against the italian. the
just last hour the european team rallied from a major deficit to retain golf's prestigious ryder cup. cnn is live in medinah, illinois. shane, the u.s. team had a big lead going into the final day. what was the turning point for the europeans? >> reporter: i think that, deb, to be honest with you they were instilled with a faith, a belief, and the happy by their captain. he was a long time partner of seve. he was impressed on them his never say die attitude. he truly was a tat lis mattic...
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or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the policies that he has proposed to congress that congress will not deal with because they're more focused on theron re-election and not focused on getting the american people back to work. he said his policies will continue to bring about jobs. it will fasten economic growth in this country, and that he has a plan to deal with the federal deficit as well. i think the president can say that. >> as long as we don't have a wardrobe malfunction, we're good. >> we'll keep it rated g. anna, what are some of the pit falls that romney has to avoid here, because, you know, both candida
or if i can figure out if it adds up and not add up to the federal deficit. i think president obama needs to make his points very clear and concise and not try to give us too many soundbytes. first of all, he should say my policies helped to end the greatest economic disaster since the great depression. then, number two, he should stress that we've created more than five million jobs. those job numbers have been revived, of course. the president needs to be clear that his policies and the...
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president, you said you would have the deficit and have a plan to pay down our debt within your first term and you haven't done so. so why should we trust you to keep your promise in your second term. from joe, to both, when will either of you stop worrying about your parties and start worrying more about our nation? facebook.com/carolcnn. keep the conversation going. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new styling... sophisticated dual cockpit design, and sport sculpted seats. available chevrolet mylink infotainment system. the all-new 2013 chevrolet malibu. ♪ refined comfort to get you in a malibu state of mind no matter what state you live in. ♪ >>> today is the last day of baseball's regular season. we know all the playoff teams, but not all the division winners. the oakland a's and texas rangers play today to decide the a.l. west champs. the a's won last night to pull into a tie for a top of the division. oakland was 13 games back of texas on june 30th. the a's clinched a wild card spot. the baltimore orioles are
president, you said you would have the deficit and have a plan to pay down our debt within your first term and you haven't done so. so why should we trust you to keep your promise in your second term. from joe, to both, when will either of you stop worrying about your parties and start worrying more about our nation? facebook.com/carolcnn. keep the conversation going. ♪ [ male announcer ] introducing the all-new completely re-imagined 2013 chevrolet malibu. sleek new styling... sophisticated...
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Oct 1, 2012
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but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the granddaddy of manufacturing reports and what it showed is that manufacturing is back in expansion territory, the sector is growing again. that could help boost the economy. this is notable because it comes after three months of contraction in manufacturing. also, you look at china, manufacturing in china, in europe, it is going backwards it contracting. sobucking the trend. a good surprise for the u.s. manufacturing is what helped get us out of the recession in 2009. we saw activity picked up, hiring picked up. we saw the trend continuing. we want to see that continue to help the economy move forward. with a lot mo
but, those who support obama say the president is more likely to reduce the deficit, to cut entitlement spending like social security, but once again, just not a lot of excitement for either person. which is kind of sad. >> let's talk about excitement on the dow. let's show the stocks because they have been rallying since this morning, what is it -- up 121 points now. got a pretty important report on the manufacturing sector. what do we need to know? >> so what we got was the...